The Hyatt Regency Hotel in Kathmandu, Nepal, is an urban five-star resort located near the Boudhanath stupa. The hotel, opened in 2000, is built in the traditional Newar architecture on 37 acres of land. It is operated by Taragaon Regency Hotels, and employs 400 workers. The hotel was built under public-private partnership with 40% public ownership and 60% private. It recorded losses for 22 years, during which the public ownership of the hotel shrunk to 9%, and later began registering record profits. The public land on which the hotel was built was in the process of being privatised at extremely cheap rates. Parliamentary committees began investigating possible financial irregularities by the private partners, including the possibility that Taragaon Regency Hotels deliberately showed losse